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Questions and Answers
What is the term for when two or more companies form an alliance to pursue a specific project?
What is the term for when two or more companies form an alliance to pursue a specific project?
- Partnerships
- Cooperatives
- Franchises
- Joint ventures (correct)
What is the primary purpose of a feasibility analysis?
What is the primary purpose of a feasibility analysis?
- To create a marketing strategy
- To create a business strategy
- To develop a business plan
- To determine the viability of a business idea (correct)
What is a major drawback of entrepreneurship?
What is a major drawback of entrepreneurship?
- Predictable income
- Long hours and hard work (correct)
- Unstable business life
- Stable business life
What is the term for the ability to create new and useful ideas that solve problems and challenges people face every day?
What is the term for the ability to create new and useful ideas that solve problems and challenges people face every day?
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What is a disadvantage of a Limited Liability company?
What is a disadvantage of a Limited Liability company?
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What is the term for when one corporation purchases another corporation or investment group?
What is the term for when one corporation purchases another corporation or investment group?
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